FCA and the SM&CR – Some Practical Thoughts

As the FCA has announced the near-final rules and the implementation date for the Senior Managers and Certification Regime (SM&CR), this article contains some practical thoughts, based on experience of...

MiFID II - 5 things to consider NOW

We should all be aware that MiFID II, the second iteration of the markets in Financial Instruments Directive, is applicable for EU firms from the beginning of 2018. Here are...

Will You Have Accountability Too?

The UK financial services industry has been on the edge of its seat for months now, and the FCA has finally published its proposals for extending the Senior Managers and...

The Watters Case and the Need to Train Compliance Staff

The FCA fined David Watters, a former Compliance Officer, £75,000 last week and mentioned a few points about training for compliance officers. These points have been known for some time,...

New Money Laundering Regulations Came into Effect on 26th June – Are You Ready?

The Money Laundering Regulations (MLR) 2017 came into force on Monday 26th June. If you were covered by the MLR 2007 then you are now covered by the MLR 2017....